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Multimedia | Utility University

SBITA implementation (GASB 96)

Dec 07, 2023·Authored by Jodi Dobson

Does your organization have subscription-based information technology arrangements (SBITAs)? And how do you need to account for these SBITAs under Governmental Accounting Standards Board (GASB) statement No. 96?

During this Utility University session, Jodi Dobson, Baker Tilly public sector professional practice partner, explains how to leverage your knowledge from the GASB 87 lease standard in implementing GASB 96 as well as aspects unique to SBITA accounting. This on-demand webinar also covers common GASB 96 implementation questions related to printers, intelligent vehicles, website subscriptions, laptops, cloud computing arrangements and software.

Key takeaways

Identify similarities and differences between GASB No. 96 and GASB No. 87   
Understand how to leverage lease implementation experience for implementing SBITA
Recount common questions and lessons learned from the first implementations

Presenter

Jodi Dobson, CPA | Public Sector Professional Practice Partner – Baker Tilly

Who should watch

This content is intended for leadership and professionals from municipal utilities, public utility districts, tribal utility authorities, and state, local and tribal governments responsible for financial and management functions.

We can help

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As organizations look to implement standard No. 96, we often hear concerns such as:

How do we ensure we are creating a complete population of potential agreements to review?
Reading and understanding the agreements we have will be a monumental task.
Recording all the individual agreements is time consuming, and we’re not always sure our footnotes adequately summarize the information.
What is an effective process to identify and properly account for future agreements, revisions and renewal?
Is this a SBITA or not?

Understanding how to approach these and other aspects of GASB 96 is crucial for properly implementing SBITA accounting. Contact us today for more information about how we can help.

Preparing for GASB No. 96 implementation

Organizations that follow governmental accounting standards must get ready to implement GASB 96. The standard applies to subscription-based information technology arrangements and is effective for periods ending June 30, 2023 and after. Start today by learning key criteria and terminology, implementation considerations and next steps.

Prepare now

GASB 96 SBITA FAQ

Find answers to frequently asked questions about subscription-based information technology arrangements, SBITA subscription terms, implementation costs, discount rate, policies and more.